STICPAY expands the money transfer service to over 100 countries

STICPAYa leading global e-wallet service provider and payment gateway, today announces a major increase in the number of countries and currencies to which it offers money transfers as it aims to meet the growing demand for cross-border payments.

Its enhanced transfer service offers faster, more transparent and more convenient payments in more than 150 currencies, allowing users to send and receive money to bank accounts, via digital and mobile wallets and in cash. The platform also enables traceable payments and provides additional visibility into fees and estimated delivery times.

STICPAY will offer the new functions to both its individual and corporate customers. Its global network reaches more than 1 million consumers worldwide in over 160 countries.

STICPAY is also widely used by companies and merchants selling their services globally, with more than 5,000 companies connected on the STICPAY e-wallet platform.

The new STICPAY features come at a time when cross-border transactions are increasing rapidly, with FXC Intelligence estimates putting the consumer-to-consumer market at $1.8 trillion by 2023. While consumer-initiated cross-border payments are expected to continue to be significantly lower than B2B transactions, they are expected to grow faster. FXC Intelligence predicts that the size of this market will grow by 80% by 2030 to $3.3 trillion.

Sean Park, CEO of STICPAY, said:

“We are extremely excited to expand our offerings as both our consumer and business customer base continue to grow. We are always striving to improve our offerings and provide users with greater transparency, ease of use and security. These enhancements, in turn, help us with our core mission , namely to expand access to financial services to an increasing number of people and countries around the globe.”